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Get your taxes done using TurboTax
I've had this same problem with Turbo Tax Business for years, and now again for 2017. When is Turbo Tax Business going to equip us with a simple 1099-OID form??? Any trust that holds U.S. Treasury zero-coupon bonds will have this problem, and the old answer no longer helps, because the boxes it suggests substituting are no longer in Turbo Tax Business's 1099-INT form. I think I should be putting US Treasury OID from Box 8 on the 2017 1099-OID into Box 3 of the 1099-INT form ("Interest on U.S. Savings Bonds and Treasury Obligations") because the OID is taxed as interest income, but is not taxable for State and Local purposes. Is this correct?
‎June 3, 2019
11:38 AM